Real Estate Broker · Austin, TX · Member since 2016 · 834 posts · 449 votes
"No $600 A Week Unemployment Check In GOP’s Plan For Next Stimulus Bill"
Anyone on unemployment after this week will effectively be losing the equivalent of $2,600 a month in income. Many of these folks were using this to cover everyday expenses but some were using it to pay their mortgages/rent. This will accelerate "Something" happening in the RE Market. It is too early to tell but signs point to increased FC's/Evictions/Liens etc....
There has not been any mention in the news about bailouts in regard to mortgages/evictions/delinquent taxes/etc to save the homeowner or investor.
Rental Property Investor · Los Angeles · Member since 2019 · 146 posts · 101 votes
6y
I foresee congress coming to some agreement of at-least some kind of additional unemployment stimulus. I might be 600 a dollars a week but maybe 400? Bring down to level where it starts to make sense for some people to go back to work.